PYMNTS

MAY 22, 2020

From competitors to collaborators, the FinTech boom introduced a field of opportunity for traditional financial institutions to team up with an industry newcomer to become more agile and modern with their own product offerings. On the other hand,” he added, “the pandemic doesn’t just spare FinTechs. Financing Burdens.

Fintech 261

Fintech Lending Tools Risk Management 261

PYMNTS

APRIL 16, 2019

Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities. The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions. The Fed And FinTech Firms. Separately, in India, API infrastructure firm Setu said last week that it had raised $3.5

Fintech 211

Fintech San Francisco National Innovation 211

William Mills

APRIL 2, 2025

Fintech companies must be prepared to respond effectively when a crisis strikes. Below are key steps fintech leaders should take when managing a crisis. Fintech companies should clearly outline the steps they are taking, whether its enhanced security measure, improved protocols or greater investment in risk management.

Company 69

Company Fintech social media Leadership 69

Perficient

FEBRUARY 27, 2025

These steps include identifying strategic partnerships and collaborating with fintech companies and non-financial platforms that align with their goals. In 2025, AI will play a pivotal role in customer service, fraud detection, risk management, and personalized financial advice.

Banking Trends 221

Banking Trends Trends Digital Banking Customer Experience 221

PYMNTS

JUNE 19, 2020

The company said the Acumen net Treasury Management platform was strengthened with an offering focused on the client that assists treasurers and their customers handle risk and connect with current banking platforms.

Risk Management 160

Risk Management Software Tools Management 160

PYMNTS

DECEMBER 5, 2018

. “I would characterize it as a Big Data issue — it’s very intimidating to get started in third-party risk management,” Simkins said. ” Inexperienced or unfamiliar professionals may take a bottom-up approach to third-party risk management, analyzing risk on a vendor-by-vendor basis.

Security 192

Security Fintech Risk Management Data 192

PYMNTS

OCTOBER 1, 2020

As banks look to streamline access to finance or make it easier to safely share financial information with apps, Barclays Business Banking and Wells Fargo are joining forces with FinTechs on digital initiatives. PYMNTS rounds up the latest partnerships and initiatives below. Barclays & Propel. Wells Fargo & Envestnet. “We

Fintech 228

Fintech Data Risk Management Management 228

PYMNTS

MARCH 17, 2019

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. China has become an emerging FinTech market due to its expanding middle class, rapid digitization and electronic payments adoption.

Regulation 192

Regulation Fintech Phoenix Risk Management 192

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. The benefits of fintechs. By Elizabeth Judd. Quick Stat.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Perficient

MARCH 25, 2025

Their focus on: Aligning data management with regulatory requirements Ensuring accurate financial reporting Improving decision-making processes resulted in better risk management, increased regulatory compliance, and enhanced customer trust through secure and reliable financial services.

Data 221

Data Case Study Compliance Regional 221

Bobsguide

MAY 18, 2022

CompatibL, a leading provider of risk management solutions and professional services for the financial industry, has been named the winner of the Best Risk Management Platform Award in the sixth annual FinTech Breakthrough Awards program for its innovative CompatibL Cloud Platform.

Fintech 147

Fintech Risk Management Analytics Software 147

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 2 When evaluating a fintech partnership, ask how the vendor will help with integration, training, and ongoing success.

Fintech 195

Fintech How To Innovation System 195

PYMNTS

MAY 21, 2020

Open banking initiatives and bank-FinTech collaborations continue to expand in an effort to improve financial services offerings for small and medium-sized businesses (SMBs). Built on the bank-FinTech collaborative model, startup Treasury Prime recently announced a $9 million Series A funding round for its API technology.

Fintech 173

Fintech Compliance Risk Management Lending 173

Banking Exchange

JULY 21, 2021

Announcement follows upsurge of fintech partnerships and industry demand for better alignment on guidance Compliance Risk Management Feature3 Feature Duties Compliance Management.

Risk Management 78

Risk Management Management Fintech Regulation 78

Abrigo

DECEMBER 26, 2024

"With so many BSA/AML enforcement actions, it is clear that the regulatory environment is tightening up its expectations and is actively pursuing action when needed," said Abrigo Senior Risk Management Consultant Elissa Brewer. AI will be an ongoing hot topic, said Abrigo Senior Risk Management Consultant Kevin Gulledge.

Fraud 195

Fraud Compliance South Dakota Resources 195

Perficient

MARCH 17, 2025

AI-powered chatbots can handle routine inquiries, freeing human agents for complex issues, while AI-driven algorithms enhance fraud detection and risk management. First, they should form strategic partnerships with fintech companies and non-financial platforms to extend their reach and integrate their services effectively.

Trends 221

Trends Analytics Compliance Strategy 221

Bobsguide

SEPTEMBER 29, 2017

The financial industry continues to shift at a fast pace, impacted by disruptive fintech and regtech, as well as new complex global regulations and a diversified challenging business environment. As a result the costs associated with complying with financial compliance and risk mitigation are.

Risk Management 123

Risk Management Management Compliance Regulation 123

Perficient

FEBRUARY 12, 2025

These changes require significant adjustments in risk management, compliance frameworks, and operational protocols. The fintech industry, once celebrated for its agility and innovation, now faces a future shaped by heightened regulation. Discover why we have been trusted by 25+ leading payments and card processing companies.

Trends 221

Trends Payments Compliance blockchain 221

Bank Innovation

OCTOBER 15, 2018

On the eve of the Money20/20 2018, where among the speakers are owners and top managers of Amazon, Virgin, Microsoft, and other giants, we interviewed Artem Timoshenko, the CEO of Maxpay, a payment processor with extensive risk management and fraud prevention expertise, on a few of the key trends in Fintech this year.

Fintech 150

Fintech Innovation Risk Management Fraud 150

ABA Community Banking

DECEMBER 4, 2019

As one of the country's generation of young bank CEOs, and one whose professional background is in risk management and regulatory compliance, Clayton Legear shares his unique outlook in the latest episode of the ABA Banking Journal Podcast.

Risk Management 95

Risk Management Management Compliance Leadership 95

CFPB Monitor

SEPTEMBER 8, 2022

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. He indicated that to mitigate this risk, the OCC is currently working on a process to subdivide bank-fintech arrangements into cohorts with similar safety and soundness risk profiles and attributes.

Fintech 146

Fintech Risk Management Conference Lending 146

Abrigo

APRIL 19, 2016

In the paper, the OCC defined responsible innovation as: The use of new or improved financial products, services, and processes to meet the evolving needs of consumers, businesses, and communities in a manner that is consistent with sound risk management and is aligned with the bank’s overall business strategy.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

PYMNTS

NOVEMBER 3, 2020

The news comes as during Hong Kong FinTech Week, FinTech firms have certain "key advantages" over traditional banks when it comes to building out a client base and cutting down on risk. Bloomberg to Incorporate Credit Risk Data. Everlink, FINTAINIUM Team up to Offer Real-Time B2B, B2C Payments.

Arizona 307

Arizona Payments Risk Management Fintech 307

PYMNTS

MARCH 17, 2017

Those market conditions present interesting obstacles and opportunities for everyone in the banking FinTech space. Reports last week said the merger aims to create a FinTech “powerhouse” as both Misys and D+H evolve their services to meet the more sophisticated demands of the industry. The company will merge with DH Corp.,

Fintech 195

Fintech Innovation Lending Management 195

Insights on Business

JULY 17, 2019

Our goal has always been to provide our customers with the tools and insights that help them meet their governance, risk and compliance (GRC) needs, and we do so, by leveraging the innovation of IBM within a single ecosystem. Digitalization brings along risks like IT security, Cybersecurity, etc. Learn more at ibm.com/RegTech.

Risk Management 110

Risk Management Management Report Compliance 110

PYMNTS

SEPTEMBER 29, 2017

Banks are finding it more difficult than ever to ignore potential FinTech partnerships that could better serve their corporate customers. When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help.

Fintech 141

Fintech Risk Management Compliance Management 141

PYMNTS

JANUARY 15, 2019

As FinTechs eye growth, and look to gain scale by providing more “mainstream” financial services, might those plans hit a speed bump when it comes to the infrastructure needed to bring products to the masses? I am concerned that FinTech will be the source of the next crisis.”. In Asia, Examining Cross-Border FinTech.

Fintech 148

Fintech St. Louis System Regulation 148

PYMNTS

JUNE 5, 2020

Financial Institutions (FIs) that adopt open banking allow third parties like FinTechs to integrate with their application programming interfaces (APIs) to provide personalized financial management and payment apps that draw on bank customers’ data. We need to manage risk appropriately, but open banking is a good thing,” Davies said.

Security 174

Security Fintech Data Fraud 174

Insights on Business

JANUARY 8, 2019

But what has this got to do with risk management I hear you ask? The more complicated technical term is superposition, but let’s not worry about it at this stage. IBM 50Q: An IBM cryostat wired for a 50 qubit system. Quantum computing is real, even if still in the infancy stage.

Risk Management 107

Risk Management Management Course Big Data 107

PYMNTS

FEBRUARY 8, 2019

Growth of FinTech funding seems unstoppable, with the latest analysis from Hampleton Partners finding enterprise financial services and integration, online financial services, enterprise financial software and Software-as-a-Service (SaaS) risk management as some of the hottest spots for investors this year.

Fintech 188

Fintech Capital New York City Analysis 188

PYMNTS

MARCH 28, 2019

FinTech startup Qupital announced that it has closed a $15 million Series A, led by CreditEase FinTech Investment Fund ( CEFIF ). We will be working with Qupital to further utilize the technologies to enhance risk management, user experience and operational efficiency”.

Fintech 123

Fintech Risk Management User Experience Management 123

PYMNTS

SEPTEMBER 15, 2017

The favored narrative about banks and FinTech startups is generally not a love story. Whereas FinTechs are undoubtedly newer and faster – risen from the digital age to put banks out of business – they aren’t always able to take deposits or keep some of those associated warranties. Usually, it is more of an all-out war story.

Fintech 198

Fintech System Lending Cards 198

PYMNTS

JULY 19, 2018

It’s no secret that banks and FinTechs are collaborating at a rate faster than ever before. The need is there for a comprehensive approach for risk management, which in turn means that both FinTechs and FIs need a strong, consistent strategy and roadmap from the very start of collaborations.

Fintech 107

Fintech Risk Management Big Data Management 107

Chris Skinner

APRIL 18, 2017

The banker took exception to purely being a store of value, and felt that the risk management aspect of banking was a critical part of their function. I argued that the bank’s risk management function is being eaten by software.

Risk Management 321

Risk Management Analytics Lending Software 321

CFPB Monitor

JULY 21, 2021

Last week, the OCC, Federal Reserve Board, and FDIC issued proposed guidance for banking organizations on managing risks associated with third-party relationships, including those with financial technology-focused entities such as bank/fintech sponsorship arrangements. On August 6, 2021 from 12:00 p.m. to 1:00 p.m.

Risk Management 78

Risk Management Management FDIC Financial Technology 78

Insights on Business

NOVEMBER 28, 2018

IBM is pioneering the development of cloud-based micro services for financial risk. These APIs are designed as a set of decomposable services that provide the key building blocks of a financial risk management system. The financial risk APIs have been designed and engineered specifically for the IBM Cloud.

Risk Management 102

Risk Management Innovation Management Resources 102

Abrigo

JANUARY 17, 2025

Competitive landscape : Increased competition from fintechs and non-bank entities can diminish the stickiness of core deposits. By valuing and managing CDIs effectively, banks can optimize their funding strategies, demonstrate their stability to stakeholders, and position themselves for sustained growth.

Strategy 195

Strategy Guidelines Management Operations 195